Fiscal Balance in China
China's fiscal deficit has broadened over the last decade, due to the need to support the economy during the COVID-19 pandemic, invest in high-tech manufacturing to break free from Western trade restrictions, and offset the downbeat property sector and soft consumer spending. The fiscal balance in China averaged -3.8% of GDP in the decade to 2022. The fiscal balance in 2022 was -4.7% of GDP. For more fiscal balance information, visit our dedicated page.
China Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for China from 2024 to 2023.
Source: Macrobond.
China Fiscal Balance Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -6.1 | -3.7 | -4.6 | -4.5 | -4.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese fiscal balance projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Chinese fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese fiscal balance projections.
Want to get access to the full dataset of Chinese fiscal balance forecasts? Send an email to info@focus-economics.com.